Envestnet Portfolio Solutions Inc. Boosts Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Envestnet Portfolio Solutions Inc. grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 9.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 287,789 shares of the company’s stock after buying an additional 25,391 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.29% of VanEck Fallen Angel High Yield Bond ETF worth $8,306,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. BNP Paribas Financial Markets raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1,856.5% during the fourth quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 854 shares during the period. Biltmore Family Office LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 593.3% in the fourth quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock valued at $27,000 after purchasing an additional 801 shares during the period. Van ECK Associates Corp grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 38.1% during the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock valued at $41,000 after purchasing an additional 390 shares in the last quarter. Transce3nd LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth $46,000. Finally, Howe & Rusling Inc. acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $56,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL opened at $28.93 on Friday. The firm has a 50-day moving average of $28.46 and a two-hundred day moving average of $28.68. The stock has a market cap of $2.86 billion, a P/E ratio of 59.37 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.92 and a 1-year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were paid a $0.1546 dividend. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Monday, June 2nd. This represents a $1.86 annualized dividend and a dividend yield of 6.41%.

VanEck Fallen Angel High Yield Bond ETF Profile

The VanEck Fallen Angel High Yield Bond ETF (ANGL) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of bonds that were rated investment grade at issuance but later downgraded to sub-investment grade. ANGL was launched on Apr 10, 2012 and is managed by VanEck.